Hewlett Packard Enterprise (HPE) stock jumped nearly 15% out of the gate Wednesday after the technology company beat top- and bottom-line expectations for its fiscal second quarter and issued a strong outlook thanks to solid demand for its artificial intelligence (AI) servers.
In the three months ended April 30, HPE's revenue increased 3% year-over-year to $7.2 billion, driven by an an 18% jump in its server segment to $3.9 billion. The company said earnings per share (EPS) declined 19% from the year-ago period to 42 cents.
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